Dispensation

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jewels.p
jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
in AAT Level 4 (Level 8 in Scotland)
Can anyone explain to me exactly what a Dispensation is. I have never seen one and dont understand it from my Osbourne Book?

Cheers

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  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    http://www.hmrc.gov.uk/paye/exb/schemes/dispensation.htm

    found this if it helps, i have not come across it either

    tracy
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    taskey wrote: »
    http://www.hmrc.gov.uk/paye/exb/schemes/dispensation.htm

    found this if it helps, i have not come across it either

    tracy
    Just a couple of extracts from the link Taskey provided, cheers Taskey!!

    A dispensation is a notice from HM Revenue & Customs (HMRC) that removes the requirement to report expenses and benefits to them at the end of the year on forms P11D or P9D. There is also no need to pay any tax or NICs on items covered by a dispensation.

    You can apply to HMRC for a dispensation to cover expenses or benefits for which your employee gets a full tax deduction.

    The main expenses routinely covered by a dispensation are:

    travel, including subsistence costs associated with business travel
    fuel for company cars
    hire car costs
    telephones
    business entertainment expenses
    credit cards used for business
    fees and subscriptions
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    taskey wrote: »
    http://www.hmrc.gov.uk/paye/exb/schemes/dispensation.htm

    found this if it helps, i have not come across it either

    tracy

    Thanks Tracy. I have printed that off and will study it later. Had two assignments back from Tutor. One for DFS and one for PTC. Did well in the DFS one but not so good on the PTC. So its back to studying more for PTC now! I enjoyed that book too but looks like it all hasnt stuck Aaaaaaaaagh! How's the Past Papers?
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Rachey,

    How was the DFS Revision Day with Steve on Saturday? I wish I could get to those but unfortunately noone does them in Scotland..............................no sarcastic comments about Sheep from anyone please!:lol:
  • Rachey
    Rachey Registered Posts: 589 Epic contributor 🐘
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    jewels.p wrote: »
    Rachey,

    How was the DFS Revision Day with Steve on Saturday? I wish I could get to those but unfortunately noone does them in Scotland..............................no sarcastic comments about Sheep from anyone please!:lol:

    It was fantastic, couldn't recommend it enough.

    I thought the sheep comments were for Welsh people??? lol.
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    jewels.p wrote: »
    Thanks Tracy. I have printed that off and will study it later. Had two assignments back from Tutor. One for DFS and one for PTC. Did well in the DFS one but not so good on the PTC. So its back to studying more for PTC now! I enjoyed that book too but looks like it all hasnt stuck Aaaaaaaaagh! How's the Past Papers?

    getting to grips with DFS slowly.

    You?
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    taskey wrote: »
    getting to grips with DFS slowly.

    You?

    Back onto PTC today and just attempting Dec 08 doing my bloody head in already and I am only on Task 1.1!
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Rachey wrote: »
    It was fantastic, couldn't recommend it enough.

    I thought the sheep comments were for Welsh people??? lol.

    Watch out Rachey the Welsh on here are after you now! lol

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